Ken Yeadon Discusses D&O Claims Impact of a Proposed Change to the SEC Quarterly Report Requirement

Hinshaw partner Ken Yeadon was featured in a Business Insurance article titled, "Trump 6-month reporting idea has D&O claims benefits, downsides." The President has reportedly suggested the SEC consider permitting biannual rather than quarterly earnings reports. Yeadon—a former Assistant U.S. Attorney and a former U.S. Securities and Exchange Commission (SEC) enforcement attorney—offered some thoughts about potential downsides to such a change in approach.

"Moving to a six-month reporting schedule would upend a long history of quarterly reporting and companies have a lot of structures  in place that are based on quarterly earnings," he said.